D&O: Do we need it?

D&O: Do we need it?

Consider this scenario: Your company is on a roll. You have a great leadership team in place. Your customers are happy. You’ve got plans for expansion.

But something happens. Your management team makes a decision that leads to a lawsuit. It might come from an unhappy employee or vendor. A regulatory agency. Or a competitor claiming unfair trade practices.

Suddenly your executives are facing allegations of wrongdoing. Their personal assets are on the line. And contrary to what you might think — your General Liability policy isn’t enough to protect you.

That’s why getting Directors and Officers insurance (or D&O) is a smart move.

D&O insurance:

    • protects leadership from lawsuits stemming from management actions and decisions in directing the company.
    • reimburses for legal costs

D&O insurance protects your leaders from lawsuits stemming from management decisions, and pays for defense fees— which is important considering the average cost of a D&O lawsuit for a privately held company is $700,000.

Make sure your leaders have the protection they need. Learn more here.

Propel Insurance